Check out this article by Lawrence Summers on financial times. Reading the article it is evident there was a lot of thought that went into it. However, this was a very high level thinking. Every single point mentioned there in seem reasonable but putting these into practice takes a lot more detailing. For instance, the second point, “it should be recognised that to a substantial extent self-regulation is deregulation”, while makes great sense, is very difficult to implement.
Nevertheless, this is food for thought.
A place with a view 